Omega Healthcare Investors (NYSE:OHI) Sets New 12-Month High at $34.80

Omega Healthcare Investors, Inc. (NYSE:OHI) shares hit a new 52-week high on Friday . The company traded as high as $34.80 and last traded at $34.69, with a volume of 191236 shares changing hands. The stock had previously closed at $34.41.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Scotiabank increased their price objective on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Tuesday. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday, May 6th. Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. Truist Financial increased their price objective on Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, June 26th. Finally, Citigroup raised Omega Healthcare Investors from a “neutral” rating to a “buy” rating and lifted their target price for the company from $32.00 to $35.00 in a research report on Friday, March 22nd. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Omega Healthcare Investors has a consensus rating of “Hold” and an average target price of $33.65.

Omega Healthcare Investors Stock Up 0.6 %

The company has a debt-to-equity ratio of 1.36, a current ratio of 6.68 and a quick ratio of 6.68. The firm’s 50 day moving average is $32.26 and its two-hundred day moving average is $31.15. The firm has a market capitalization of $8.55 billion, a P/E ratio of 31.00, a PEG ratio of 1.25 and a beta of 0.97.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date was Monday, April 29th. Omega Healthcare Investors’s payout ratio is currently 241.44%.

Hedge Funds Weigh In On Omega Healthcare Investors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Omega Healthcare Investors during the 4th quarter worth about $61,698,000. Wellington Management Group LLP increased its stake in shares of Omega Healthcare Investors by 2,444.9% during the third quarter. Wellington Management Group LLP now owns 1,128,146 shares of the real estate investment trust’s stock worth $37,409,000 after purchasing an additional 1,083,816 shares during the period. Vanguard Group Inc. lifted its holdings in Omega Healthcare Investors by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust’s stock worth $1,156,219,000 after purchasing an additional 1,003,927 shares during the last quarter. Centersquare Investment Management LLC boosted its stake in Omega Healthcare Investors by 36.6% in the 4th quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock valued at $109,924,000 after purchasing an additional 960,997 shares during the period. Finally, California Public Employees Retirement System increased its position in Omega Healthcare Investors by 72.2% during the 4th quarter. California Public Employees Retirement System now owns 1,276,276 shares of the real estate investment trust’s stock worth $39,131,000 after buying an additional 535,093 shares during the period. 65.25% of the stock is owned by institutional investors.

About Omega Healthcare Investors

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.